Finance

Daqo New Energy maintains production amid falling prices

Chinese polysilicon producer Daqo New Energy says it maintained full production capacity in June, and reiterated its full year production guidance of 22,000-23,000 MT. The company’s Q2 financials show, however, sales volume and profits fell over the previous quarter, thanks to loss of demand in China.

Valmont acquires 75% stake in Italian tracker provider Convert

Valmont’s global manufacturing capabilities and utility customer base is expected to help the Italian company expand activity and market share.

Beijing about-turn influenced collapse of polysilicon deal

Shanghai Electric says the Chinese government’s abrupt decision to rein in solar was a significant factor in the collapse of its planned $3.64 billion acquisition of a controlling stake in the world’s biggest poly maker.

Foresight Solar Fund completes acquisition of 114 MW UK portfolio

U.K. investor the Foresight Solar Fund today announced the acquisition of a portfolio of operational PV projects, following a placement of new shares in June which raised around £48.1 million.

Albania tenders 50 MW of solar

Through the auction, the authorities in Tirana aim to build a solar park in the Akërni salt flats, near Vlorë.

Fitch revises up outlook for French solar market

The U.S. firm expects France will reach a cumulative capacity of 28 GW by 2027, 3 GW more than previously forecast. The reasons for the increase are the renewed efforts of the French government to push for more solar, and the solar plans of big energy players such as EDF and Total.

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ERG keeps investing in solar

The Italian wind energy specialist has joined forces with UK-based investment firm Quercus Investment Partners LLP to acquire another 150 MW of PV plants in Italy.

Taiwan: Schedule agreed for three-way solar merger

A timetable has been set for the merger of three of Taiwan’s largest solar cell manufacturers, according to reports from the state-owned Central News Agency. The companies held separate board meetings last week and confirmed the transaction is set to be completed on October 1.

SolarEdge reports record revenues in second-quarter results

The company has experienced continued growth and after the acquisition of a UPS supplier – as well the potential for Chinese power electronics manufacturers to suffer under proposed new inverter tariffs – SolarEdge feels confident of continued growth.

India: No 25% duty after effect? Odisha auction sees low tariffs

In the first big auction, a day after the imposition of a 25% safeguard duty on solar imports, the winning tariff of Rs 2.79 (US$0.041) at the 200 MW Odisha auction took the industry by surprise.

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